<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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028 B011700 342
028 B021700 0
028 B031700 0
028 B041700 0
028 C011700 913
028 C021700 0
028 C031700 0
028 C041700 0
028 D011700 1690
028 D021700 0
028 D031700 0
028 D041700 1
028 E011700 2038
028 E021700 0
028 E031700 0
028 E041700 15
<PAGE> PAGE 59
028 F011700 3691
028 F021700 0
028 F031700 0
028 F041700 1
028 G011700 8674
028 G021700 0
028 G031700 0
028 G041700 17
028 H001700 0
045 001700 Y
046 001700 N
047 001700 Y
048 001700 1.000
048 A011700 0
048 A021700 0.000
048 B011700 0
048 B021700 0.000
048 C011700 0
048 C021700 0.000
048 D011700 0
048 D021700 0.000
048 E011700 0
048 E021700 0.000
048 F011700 0
048 F021700 0.000
048 G011700 0
048 G021700 0.000
048 H011700 0
048 H021700 0.000
048 I011700 0
048 I021700 0.000
048 J011700 0
048 J021700 0.000
048 K011700 0
048 K021700 0.000
062 A001700 N
062 B001700 0.0
062 C001700 0.0
062 D001700 0.0
062 E001700 0.0
062 F001700 0.0
062 G001700 0.0
062 H001700 0.0
062 I001700 0.0
062 J001700 0.0
062 K001700 0.0
062 L001700 0.0
062 M001700 0.0
062 N001700 0.0
062 O001700 0.0
062 P001700 0.0
<PAGE> PAGE 60
062 Q001700 0.0
062 R001700 0.0
066 A001700 Y
066 B001700 Y
066 C001700 N
066 D001700 N
066 E001700 N
066 F001700 N
066 G001700 N
067 001700 N
068 A001700 N
068 B001700 N
069 001700 N
070 A011700 Y
070 A021700 N
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 N
070 M011700 Y
070 M021700 N
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700 8269
071 B001700 1137
<PAGE> PAGE 61
071 C001700 2809
071 D001700 40
072 A001700 12
072 B001700 20
072 C001700 3
072 D001700 0
072 E001700 0
072 F001700 12
072 G001700 0
072 H001700 0
072 I001700 0
072 J001700 35
072 K001700 0
072 L001700 1
072 M001700 0
072 N001700 0
072 O001700 0
072 P001700 0
072 Q001700 0
072 R001700 2
072 S001700 0
072 T001700 0
072 U001700 0
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072 W001700 1
072 X001700 53
072 Y001700 42
072 Z001700 11
072AA001700 79
072BB001700 54
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072CC021700 0
072DD011700 0
072DD021700 0
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073 A011700 0.0000
073 A021700 0.0000
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073 C001700 0.0000
074 A001700 192
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074 D001700 0
074 E001700 0
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074 G001700 0
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<PAGE> PAGE 62
074 M001700 24
074 N001700 8905
074 O001700 48
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074 S001700 0
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074 U021700 0
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076 001700 0.00
SIGNATURE STEVE YU
TITLE AVP
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> SHORT-TERM MULTI MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 6,928,674
<INVESTMENTS-AT-VALUE> 6,930,193
<RECEIVABLES> 158,906
<ASSETS-OTHER> 547
<OTHER-ITEMS-ASSETS> 56,830
<TOTAL-ASSETS> 7,146,476
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,172
<TOTAL-LIABILITIES> 34,172
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,805,767
<SHARES-COMMON-STOCK> 662,827
<SHARES-COMMON-PRIOR> 298,038
<ACCUMULATED-NII-CURRENT> 346,901
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,097,934)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 57,570
<NET-ASSETS> 7,112,304
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 356,592
<OTHER-INCOME> 0
<EXPENSES-NET> 48,565
<NET-INVESTMENT-INCOME> 308,027
<REALIZED-GAINS-CURRENT> 48,358
<APPREC-INCREASE-CURRENT> 107,268
<NET-CHANGE-FROM-OPS> 463,653
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 369,515
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 664,791
<NUMBER-OF-SHARES-REDEEMED> 336,158
<SHARES-REINVESTED> 36,156
<NET-CHANGE-IN-ASSETS> 3,960,226
<ACCUMULATED-NII-PRIOR> 369,422
<ACCUMULATED-GAINS-PRIOR> (1,107,325)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28,116
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 107,038
<AVERAGE-NET-ASSETS> 5,112,079
<PER-SHARE-NAV-BEGIN> 10.58
<PER-SHARE-NII> .64
<PER-SHARE-GAIN-APPREC> .33
<PER-SHARE-DIVIDEND> .82
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.73
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> GROWTH AND INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 113,632,820
<INVESTMENTS-AT-VALUE> 126,364,134
<RECEIVABLES> 508,392
<ASSETS-OTHER> 61,147
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 126,933,673
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 204,268
<TOTAL-LIABILITIES> 204,268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 103,579,424
<SHARES-COMMON-STOCK> 7,727,283
<SHARES-COMMON-PRIOR> 2,658,797
<ACCUMULATED-NII-CURRENT> 1,269,248
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,149,428
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,731,305
<NET-ASSETS> 126,729,405
<DIVIDEND-INCOME> 1,662,492
<INTEREST-INCOME> 278,686
<OTHER-INCOME> 0
<EXPENSES-NET> 663,485
<NET-INVESTMENT-INCOME> 1,277,693
<REALIZED-GAINS-CURRENT> 9,400,260
<APPREC-INCREASE-CURRENT> 8,263,950
<NET-CHANGE-FROM-OPS> 18,941,903
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,128,565
<DISTRIBUTIONS-OF-GAINS> 11,815,383
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,431,728
<NUMBER-OF-SHARES-REDEEMED> 260,259
<SHARES-REINVESTED> 897,017
<NET-CHANGE-IN-ASSETS> 84,736,577
<ACCUMULATED-NII-PRIOR> 1,130,049
<ACCUMULATED-GAINS-PRIOR> 11,553,964
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 506,294
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 665,466
<AVERAGE-NET-ASSETS> 81,007,070
<PER-SHARE-NAV-BEGIN> 15.79
<PER-SHARE-NII> .24
<PER-SHARE-GAIN-APPREC> 3.18
<PER-SHARE-DIVIDEND> .25
<PER-SHARE-DISTRIBUTIONS> 2.56
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.40
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> GLOBAL BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 17,078,982
<INVESTMENTS-AT-VALUE> 17,256,550
<RECEIVABLES> 410,081
<ASSETS-OTHER> 516,698
<OTHER-ITEMS-ASSETS> 22,695
<TOTAL-ASSETS> 18,206,024
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,934
<TOTAL-LIABILITIES> 88,934
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,801,073
<SHARES-COMMON-STOCK> 1,542,961
<SHARES-COMMON-PRIOR> 950,828
<ACCUMULATED-NII-CURRENT> 920,567
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 199,223
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 196,227
<NET-ASSETS> 18,117,090
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,004,520
<OTHER-INCOME> 0
<EXPENSES-NET> 141,423
<NET-INVESTMENT-INCOME> 863,097
<REALIZED-GAINS-CURRENT> 276,324
<APPREC-INCREASE-CURRENT> (125,897)
<NET-CHANGE-FROM-OPS> 1,013,524
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,035,617
<DISTRIBUTIONS-OF-GAINS> 309,324
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 542,902
<NUMBER-OF-SHARES-REDEEMED> 73,483
<SHARES-REINVESTED> 122,714
<NET-CHANGE-IN-ASSETS> 6,564,113
<ACCUMULATED-NII-PRIOR> 1,034,881
<ACCUMULATED-GAINS-PRIOR> 289,940
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 97,431
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 171,828
<AVERAGE-NET-ASSETS> 14,989,440
<PER-SHARE-NAV-BEGIN> 12.15
<PER-SHARE-NII> .67
<PER-SHARE-GAIN-APPREC> .01
<PER-SHARE-DIVIDEND> .84
<PER-SHARE-DISTRIBUTIONS> .25
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.74
<EXPENSE-RATIO> .94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> PREMIER GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 78,612,333
<INVESTMENTS-AT-VALUE> 96,055,825
<RECEIVABLES> 487,680
<ASSETS-OTHER> 3,737
<OTHER-ITEMS-ASSETS> 2,657
<TOTAL-ASSETS> 96,549,899
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115,591
<TOTAL-LIABILITIES> 115,591
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,614,786
<SHARES-COMMON-STOCK> 6,143,896
<SHARES-COMMON-PRIOR> 1,644,774
<ACCUMULATED-NII-CURRENT> 323,427
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (947,397)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,443,492
<NET-ASSETS> 96,434,308
<DIVIDEND-INCOME> 799,656
<INTEREST-INCOME> 117,231
<OTHER-INCOME> 0
<EXPENSES-NET> 593,193
<NET-INVESTMENT-INCOME> 323,694
<REALIZED-GAINS-CURRENT> (442,478)
<APPREC-INCREASE-CURRENT> 14,126,172
<NET-CHANGE-FROM-OPS> 14,007,388
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 316,135
<DISTRIBUTIONS-OF-GAINS> 17,322,907
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,544,816
<NUMBER-OF-SHARES-REDEEMED> 307,428
<SHARES-REINVESTED> 1,261,734
<NET-CHANGE-IN-ASSETS> 67,156,014
<ACCUMULATED-NII-PRIOR> 312,649
<ACCUMULATED-GAINS-PRIOR> 16,821,207
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 624,414
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 768,192
<AVERAGE-NET-ASSETS> 62,441,400
<PER-SHARE-NAV-BEGIN> 17.80
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 3.29
<PER-SHARE-DIVIDEND> .1
<PER-SHARE-DISTRIBUTIONS> 5.37
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.70
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> US GOVERNMENT/HIGH GRADE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 28,701,259
<INVESTMENTS-AT-VALUE> 28,791,704
<RECEIVABLES> 390,346
<ASSETS-OTHER> 185
<OTHER-ITEMS-ASSETS> 15,798
<TOTAL-ASSETS> 29,198,033
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48,129
<TOTAL-LIABILITIES> 48,129
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,621,609
<SHARES-COMMON-STOCK> 2,531,426
<SHARES-COMMON-PRIOR> 1,453,146
<ACCUMULATED-NII-CURRENT> 1,370,536
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 54,933
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 102,826
<NET-ASSETS> 29,149,904
<DIVIDEND-INCOME> 4,725
<INTEREST-INCOME> 1,644,239
<OTHER-INCOME> 0
<EXPENSES-NET> 223,341
<NET-INVESTMENT-INCOME> 1,425,623
<REALIZED-GAINS-CURRENT> (5,171)
<APPREC-INCREASE-CURRENT> (477,962)
<NET-CHANGE-FROM-OPS> 942,490
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 621,506
<DISTRIBUTIONS-OF-GAINS> 289,591
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,420,578
<NUMBER-OF-SHARES-REDEEMED> 426,894
<SHARES-REINVESTED> 84,596
<NET-CHANGE-IN-ASSETS> 12,203,385
<ACCUMULATED-NII-PRIOR> 620,469
<ACCUMULATED-GAINS-PRIOR> 295,645
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 145,707
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 237,025
<AVERAGE-NET-ASSETS> 24,284,527
<PER-SHARE-NAV-BEGIN> 11.66
<PER-SHARE-NII> .66
<PER-SHARE-GAIN-APPREC> (.39)
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> .13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.52
<EXPENSE-RATIO> .92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> TOTAL RETURN PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 23,976,844
<INVESTMENTS-AT-VALUE> 25,731,347
<RECEIVABLES> 217,909
<ASSETS-OTHER> 587
<OTHER-ITEMS-ASSETS> 4,826
<TOTAL-ASSETS> 25,954,669
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 79,319
<TOTAL-LIABILITIES> 79,319
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,620,047
<SHARES-COMMON-STOCK> 1,768,899
<SHARES-COMMON-PRIOR> 643,972
<ACCUMULATED-NII-CURRENT> 481,043
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,019,757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,754,503
<NET-ASSETS> 25,875,350
<DIVIDEND-INCOME> 204,786
<INTEREST-INCOME> 440,995
<OTHER-INCOME> 0
<EXPENSES-NET> 165,046
<NET-INVESTMENT-INCOME> 480,735
<REALIZED-GAINS-CURRENT> 1,019,837
<APPREC-INCREASE-CURRENT> 1,338,504
<NET-CHANGE-FROM-OPS> 2,839,076
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 88,093
<DISTRIBUTIONS-OF-GAINS> 44,705
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,193,848
<NUMBER-OF-SHARES-REDEEMED> 78,997
<SHARES-REINVESTED> 10,076
<NET-CHANGE-IN-ASSETS> 17,632,909
<ACCUMULATED-NII-PRIOR> 87,921
<ACCUMULATED-GAINS-PRIOR> 45,105
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,845
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 195,828
<AVERAGE-NET-ASSETS> 17,415,218
<PER-SHARE-NAV-BEGIN> 12.80
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> 1.66
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> .03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.63
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> INTERNATIONAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 42,799,658
<INVESTMENTS-AT-VALUE> 44,224,641
<RECEIVABLES> 117,834
<ASSETS-OTHER> 152,129
<OTHER-ITEMS-ASSETS> 4,941
<TOTAL-ASSETS> 44,499,545
<PAYABLE-FOR-SECURITIES> 65,866
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 109,583
<TOTAL-LIABILITIES> 175,449
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,661,271
<SHARES-COMMON-STOCK> 2,976,776
<SHARES-COMMON-PRIOR> 1,175,986
<ACCUMULATED-NII-CURRENT> 462,109
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 776,481
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,424,235
<NET-ASSETS> 44,324,096
<DIVIDEND-INCOME> 529,146
<INTEREST-INCOME> 156,513
<OTHER-INCOME> 0
<EXPENSES-NET> 290,186
<NET-INVESTMENT-INCOME> 395,473
<REALIZED-GAINS-CURRENT> 906,640
<APPREC-INCREASE-CURRENT> 684,246
<NET-CHANGE-FROM-OPS> 1,986,359
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 155,834
<DISTRIBUTIONS-OF-GAINS> 244,881
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,116,357
<NUMBER-OF-SHARES-REDEEMED> 342,716
<SHARES-REINVESTED> 27,149
<NET-CHANGE-IN-ASSETS> 27,782,461
<ACCUMULATED-NII-PRIOR> 154,797
<ACCUMULATED-GAINS-PRIOR> 182,395
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 305,459
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 290,186
<AVERAGE-NET-ASSETS> 30,545,930
<PER-SHARE-NAV-BEGIN> 14.07
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> .83
<PER-SHARE-DIVIDEND> .08
<PER-SHARE-DISTRIBUTIONS> .12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.89
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
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<ACCUMULATED-NET-GAINS> (343)
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<NET-INVESTMENT-INCOME> 2,336,884
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<DISTRIBUTIONS-OF-INCOME> 2,336,884
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<NUMBER-OF-SHARES-SOLD> 178,619,585
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<SHARES-REINVESTED> 2,336,582
<NET-CHANGE-IN-ASSETS> 36,676,983
<ACCUMULATED-NII-PRIOR> 803
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<GROSS-EXPENSE> 349,786
<AVERAGE-NET-ASSETS> 50,351,037
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> NORTH AMERICAN GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 15,384,697
<INVESTMENTS-AT-VALUE> 16,521,272
<RECEIVABLES> 156,246
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<OTHER-ITEMS-ASSETS> 30,705
<TOTAL-ASSETS> 16,721,446
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,796
<TOTAL-LIABILITIES> 25,796
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,463,232
<SHARES-COMMON-STOCK> 1,349,031
<SHARES-COMMON-PRIOR> 694,380
<ACCUMULATED-NII-CURRENT> 1,077,786
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,290)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,156,922
<NET-ASSETS> 16,695,650
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,350,439
<OTHER-INCOME> 0
<EXPENSES-NET> 107,015
<NET-INVESTMENT-INCOME> 1,243,424
<REALIZED-GAINS-CURRENT> (165,830)
<APPREC-INCREASE-CURRENT> 841,208
<NET-CHANGE-FROM-OPS> 1,918,802
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<DISTRIBUTIONS-OF-INCOME> 49,608
<DISTRIBUTIONS-OF-GAINS> 3,969
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 933,567
<NUMBER-OF-SHARES-REDEEMED> 283,721
<SHARES-REINVESTED> 4,805
<NET-CHANGE-IN-ASSETS> 9,417,723
<ACCUMULATED-NII-PRIOR> 47,940
<ACCUMULATED-GAINS-PRIOR> 3,539
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 73,221
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 158,972
<AVERAGE-NET-ASSETS> 11,264,786
<PER-SHARE-NAV-BEGIN> 10.48
<PER-SHARE-NII> 1.26
<PER-SHARE-GAIN-APPREC> .69
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.38
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> UTILITY INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 13,527,099
<INVESTMENTS-AT-VALUE> 14,626,322
<RECEIVABLES> 147,424
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<OTHER-ITEMS-ASSETS> 7,196
<TOTAL-ASSETS> 14,887,049
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,256
<TOTAL-LIABILITIES> 30,256
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,514,950
<SHARES-COMMON-STOCK> 1,170,361
<SHARES-COMMON-PRIOR> 520,402
<ACCUMULATED-NII-CURRENT> 289,028
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (46,408)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,099,223
<NET-ASSETS> 14,856,793
<DIVIDEND-INCOME> 329,669
<INTEREST-INCOME> 68,250
<OTHER-INCOME> 0
<EXPENSES-NET> 106,196
<NET-INVESTMENT-INCOME> 291,723
<REALIZED-GAINS-CURRENT> (31,022)
<APPREC-INCREASE-CURRENT> 796,030
<NET-CHANGE-FROM-OPS> 1,056,731
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 81,842
<DISTRIBUTIONS-OF-GAINS> 155,981
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 776,031
<NUMBER-OF-SHARES-REDEEMED> 146,278
<SHARES-REINVESTED> 20,206
<NET-CHANGE-IN-ASSETS> 8,606,252
<ACCUMULATED-NII-PRIOR> 81,328
<ACCUMULATED-GAINS-PRIOR> 138,414
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 83,839
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 168,604
<AVERAGE-NET-ASSETS> 11,178,526
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> .62
<PER-SHARE-DIVIDEND> .09
<PER-SHARE-DISTRIBUTIONS> .16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.69
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> GLOBAL DOLLAR GOVERNMNENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 8,152,185
<INVESTMENTS-AT-VALUE> 8,543,372
<RECEIVABLES> 1,041,311
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,593,439
<PAYABLE-FOR-SECURITIES> 727,562
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,471
<TOTAL-LIABILITIES> 746,033
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,232,106
<SHARES-COMMON-STOCK> 617,736
<SHARES-COMMON-PRIOR> 316,166
<ACCUMULATED-NII-CURRENT> 482,953
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 741,160
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 391,187
<NET-ASSETS> 8,847,406
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 535,472
<OTHER-INCOME> 0
<EXPENSES-NET> 53,688
<NET-INVESTMENT-INCOME> 481,784
<REALIZED-GAINS-CURRENT> 745,244
<APPREC-INCREASE-CURRENT> 126,646
<NET-CHANGE-FROM-OPS> 1,353,674
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 191,319
<DISTRIBUTIONS-OF-GAINS> 13,292
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 373,824
<NUMBER-OF-SHARES-REDEEMED> 89,291
<SHARES-REINVESTED> 17,037
<NET-CHANGE-IN-ASSETS> 5,069,311
<ACCUMULATED-NII-PRIOR> 188,559
<ACCUMULATED-GAINS-PRIOR> 13,137
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42,385
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 111,186
<AVERAGE-NET-ASSETS> 5,651,393
<PER-SHARE-NAV-BEGIN> 11.95
<PER-SHARE-NII> 1.10
<PER-SHARE-GAIN-APPREC> 1.78
<PER-SHARE-DIVIDEND> .48
<PER-SHARE-DISTRIBUTIONS> .03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.32
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 119,450,096
<INVESTMENTS-AT-VALUE> 139,667,222
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 140,303,914
<PAYABLE-FOR-SECURITIES> 1,447,797
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<OTHER-ITEMS-LIABILITIES> 168,226
<TOTAL-LIABILITIES> 1,616,023
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 111,723,304
<SHARES-COMMON-STOCK> 7,739,999
<SHARES-COMMON-PRIOR> 3,177,065
<ACCUMULATED-NII-CURRENT> 262,537
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,484,948
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,217,102
<NET-ASSETS> 138,687,891
<DIVIDEND-INCOME> 843,192
<INTEREST-INCOME> 289,632
<OTHER-INCOME> 0
<EXPENSES-NET> 820,607
<NET-INVESTMENT-INCOME> 312,217
<REALIZED-GAINS-CURRENT> 6,454,479
<APPREC-INCREASE-CURRENT> 16,515,677
<NET-CHANGE-FROM-OPS> 23,382,373
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 1,507,259
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,744,489
<NUMBER-OF-SHARES-REDEEMED> 292,788
<SHARES-REINVESTED> 111,233
<NET-CHANGE-IN-ASSETS> 93,468,180
<ACCUMULATED-NII-PRIOR> 266,542
<ACCUMULATED-GAINS-PRIOR> 1,451,706
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 664,973
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 828,767
<AVERAGE-NET-ASSETS> 88,663,114
<PER-SHARE-NAV-BEGIN> 14.23
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 3.95
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> .28
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.92
<EXPENSE-RATIO> .93
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> WORLDWIDE PRIVATIZATION PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 17,017,779
<INVESTMENTS-AT-VALUE> 18,346,418
<RECEIVABLES> 90,545
<ASSETS-OTHER> 397,822
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,834,785
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27,972
<TOTAL-LIABILITIES> 27,972
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,749,589
<SHARES-COMMON-STOCK> 1,432,879
<SHARES-COMMON-PRIOR> 532,219
<ACCUMULATED-NII-CURRENT> 308,447
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 415,378
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,333,399
<NET-ASSETS> 18,806,813
<DIVIDEND-INCOME> 280,347
<INTEREST-INCOME> 89,157
<OTHER-INCOME> 0
<EXPENSES-NET> 109,448
<NET-INVESTMENT-INCOME> 260,056
<REALIZED-GAINS-CURRENT> 507,830
<APPREC-INCREASE-CURRENT> 1,117,579
<NET-CHANGE-FROM-OPS> 1,885,465
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 90,574
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 977,499
<NUMBER-OF-SHARES-REDEEMED> 84,263
<SHARES-REINVESTED> 7,424
<NET-CHANGE-IN-ASSETS> 12,860,039
<ACCUMULATED-NII-PRIOR> 90,277
<ACCUMULATED-GAINS-PRIOR> (43,764)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 115,208
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 213,498
<AVERAGE-NET-ASSETS> 11,520,825
<PER-SHARE-NAV-BEGIN> 11.17
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> 1.78
<PER-SHARE-DIVIDEND> .10
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.13
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> CONSERVATIVE INVESTORS PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 20,813,226
<INVESTMENTS-AT-VALUE> 21,536,211
<RECEIVABLES> 205,313
<ASSETS-OTHER> 24,282
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,765,806
<PAYABLE-FOR-SECURITIES> 2,988
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33,625
<TOTAL-LIABILITIES> 36,613
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,450,861
<SHARES-COMMON-STOCK> 1,800,117
<SHARES-COMMON-PRIOR> 630,671
<ACCUMULATED-NII-CURRENT> 607,910
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (52,673)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 723,095
<NET-ASSETS> 21,729,193
<DIVIDEND-INCOME> 63,935
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<EXPENSES-NET> 147,764
<NET-INVESTMENT-INCOME> 611,534
<REALIZED-GAINS-CURRENT> (55,570)
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<NET-CHANGE-FROM-OPS> 1,022,210
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 127,029
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<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,387,334
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<GROSS-EXPENSE> 217,642
<AVERAGE-NET-ASSETS> 15,554,118
<PER-SHARE-NAV-BEGIN> 11.76
<PER-SHARE-NII> .45
<PER-SHARE-GAIN-APPREC> (.01)
<PER-SHARE-DIVIDEND> .09
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.07
<EXPENSE-RATIO> .95
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> GROWTH INVESTORS PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
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<ACCUM-APPREC-OR-DEPREC> 741,153
<NET-ASSETS> 10,709,336
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<GROSS-EXPENSE> 164,166
<AVERAGE-NET-ASSETS> 8,852,734
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<PER-SHARE-NII> .24
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<PER-SHARE-NAV-END> 12.74
<EXPENSE-RATIO> .95
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> TECHNOLOGY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 25,712,695
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<TOTAL-ASSETS> 28,114,191
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<PAID-IN-CAPITAL-COMMON> 26,235,838
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<ACCUMULATED-NET-GAINS> (355,160)
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<ACCUM-APPREC-OR-DEPREC> 2,059,794
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<NET-INVESTMENT-INCOME> 142,949
<REALIZED-GAINS-CURRENT> (355,160)
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<NUMBER-OF-SHARES-SOLD> 2,807,022
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<NET-CHANGE-IN-ASSETS> 28,083,431
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<GROSS-EXPENSE> 198,843
<AVERAGE-NET-ASSETS> 13,124,552
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .11
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<NAME> QUASAR PORTFOLIO
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